Facc Ag · VIE:FACC
Facc — H1 2023 Earnings Presentation
26 slides from Facc's earnings presentation, Aug 16, 2023
Slide 1: HY 2023
HY 2023 AUG 16th, 2023 FACC AG – Confidential and/or Proprietary
Slide 2: The Market at a Glance
THE MARKET AT A GLANCE FACC AG – Confidential and/or Proprietary
Slide 3: Aviation highlights
Aviation highlights GROWTH CONTINUES – LONG-TERM FORECASTS CONFIRMED ▪ Global recovery of traveling demands continues ▪ Positive market feedback after Paris Air Show ▪ 1,300 new aircraft orders ▪ Order backlog from Airbus and Boeing risen to 12,922 ▪ Approximately 42,000 new and efficient aircraft r
Slide 4: Global recovery of aviation
Global recovery of aviation DEVELOPMENT OF AIR TRAFFIC BY REGION [IN %, COMPARED TO 2019] China Europe North America 101 126 102 101 90 41 Middle East 112 104 Worldwide Africa Asia/Pacific 120 (without China) 108 104 FACC AG – Confidential and/or Proprietary 89 101 South America 81 114 92 In the res
Slide 5: Airbus & Boeing
Airbus & Boeing DELIVERIES AND CUSTOMER ORDERS INCREASE +14% +71 AC 582 511 1 594 1 524 266 Boeing 216 994 Airbus 986 820 774 507 479 530 295 316 FACC AG – Confidential and/or Proprietary 2022 1-6 2023 1-6 Airbus Boeing Total Deliveries 2023 1-6: Net Orders 2023 1-6: 2021 > TOTAL: 450 AC (+50 AC / +
Slide 6: Customer stability
Customer stability POSITIVE SIGNAL WITH FIRM ORDERS A350; 404 A350; 484 A330; 214 A330; 208 AIRBUS +764 AIRBUS 2022/12 +10,6% 2023/06 7239 8003 A32X; 6621 +8,6% A32X; 7311 11.897 +1.025 12.922 FACC AG – Confidential and/or Proprietary B787; 483 B787; 567 B777; 358 B777; 380 B767; 106 B767; 112 B747;
Slide 7: Q2 2023 Key Topics
7 Q2 2023 KEY TOPICS 16.08.2023 FACC AG – Confidential and/or Proprietary
Slide 8: Strong growth
Strong growth DEVELOPMENT OF ALL BUSINESS SEGMENTS AS PLANNED Market recovery continues - EUR 400 million aircraft production rates increase sharply. Increase in firm order backlog 31.3 % sales growth in the 1st half year 2023 compared to the previous EUR 354.7 million year. All divisions record gro
Slide 9: Positive market development
Positive market development FACC BENEFITS FROM SUSTAINED GLOBAL MARKET GROWTH ▪ Positive development of all aircraft models ▪ Rate ramp-ups across existing products ▪ Increased demand for medium and long- haul aircraft ▪ Urban Air Mobility is progressing towards FACC AG – Confidential and/or Proprie
Slide 10: Expanding capacities
Expanding capacities EUR 20 MILLION INVESTMENT FOR EXPANDING PLANT 6 ▪ Phase 2 of the Plant 6 / Zagreb expansion launched ▪ Tripling of the production areas, one additional office block ▪ Completion by June 2024 ▪ Further insourcing of services currently still being purchased ▪ Additional expansion
Slide 11: FACC lightweight-solutions
FACC lightweight-solutions OUR R&T PROJECTS ARE SUPPORTING AVIATION SUSTAINABILITY TARGETS ▪ Comprehensive and continuous monitoring of future technologies in the aerospace industry ▪ 8 strategic research segments ▪ +60 technologies which are currently being developed for series production or tested
Slide 12: Financials
12 FINANCIALS 16.08.2023 FACC AG – Confidential and/or Proprietary
Slide 13: Revenues and EBIT
Revenues and ebit RESULT INCREASE COMPARED TO THE PREVIOUS YEAR INCLUDES ONE-OFF EFFECTS Revenues development Reported EBIT development in million EUR in million EUR 15,0 187,4 192,0 162,7 149,4 142,7 127,5 FACC AG – Confidential and/or Proprietary 3,0 3,1 1,3 0,0 -1,9 Q1 2022 Q2 2022 Q3 2022 Q4 202
Slide 14: Development of the divisions
Development of the divisionen ALL BUSINESS SEGMENTS GROW IN LINE WITH THE MARKET AEROSTRUCTURES ENGINES & NACELLES INTERIORS [Revenue in million EUR] [Revenue in million EUR] [Revenue in million EUR] 180 180 180 160 160 160 CAGR +23% 140 140 140 120 CAGR +25% 120 120 100 100 100 FACC AG – Confidenti
Slide 15: Free cash flow
Free cash flow SELECTIVELY HIGHER INVENTORY IS MAINTAINED Q2 2023 Q2 2022 in million EUR in million EUR FACC AG – Confidential and/or Proprietary 15 16.08.2023
Slide 16: Free cash flow
Free cash flow SELECTIVELY HIGHER INVENTORY IS MAINTAINED Investments Net Working Capital in million EUR in million EUR 173,4 175,2 17,6 124,4 119,0 116,5 * 9,0 FACC AG – Confidential and/or Proprietary 11,0 8,3 * 5,5 6,2 4,3 * 4,2 3,6 8,6 * 3,1 * 2,5 5,5 * 1,3 4,0 3,1 1,8 2,3 31.03.2022 30.06.2022
Slide 17: Balance sheet key figures
Balance sheet key figures DEVELOPMENT OF CAPITAL FIGURES Net Debt Leverage Development in million EUR in million EUR 253,9 238,1 225,6 211,5 4,97 188,6 4,25 4,43* 3,53 3,28 FACC AG – Confidential and/or Proprietary 2,42 1,96 N/A 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023 2016/17 2017/18
Slide 18: Outlook
18 OUTLOOK 16.08.2023 FACC AG – Confidential and/or Proprietary
Slide 19: Market outlook
Market outlook Increase in aircraft build rates ▪ A32F: 35% increase in build rates from current to 2026 FY ▪ A350: 60% increase in build rates from the present to the end of 2027 ▪ B787: 150% increase in build rates from the present to the end of 2027 A220 new orders & growing volumes ▪ 50% increas
Slide 20: Key priorities 2023 & outlook
Key priorities 2023 & outlook ▪ Sales growth ca. 12-16 % through higher customer demand and ramp-up of new projects ▪ Increase in earnings power ▪ Focus on inventory management and cash flow ▪ Expansion of the workforce to secure growth beyond 2023 FACC AG – Confidential and/or Proprietary ▪ Strengt
Slide 21: Appendix: Division Results
21 APPENDIX DIVISION RESULTS 16.08.2023 FACC AG – Confidential and/or Proprietary
Slide 22: Aerostructures
Aerostructures AIRBUS A320 FAMILY CONTINUE TO BE THE MAIN PROJECT IN TERMS OF REVENUE Revenues development Reported EBIT development in million EUR in million EUR 73,7 8,0 70,8 61,7 58,6 54,4 48,2 FACC AG – Confidential and/or Proprietary 2,6 1,6 1,7 1,5 -1,9 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023
Slide 23: Engines & Nacelles
Engines & Nacelles SUSTAINABLE RATE INCREASE OF ALL PROGRAMS Revenues development Reported EBIT development in million EUR in million EUR 32,9 31,8 3,3 3,0 26,1 2,4 25,7 22,6 22,9 FACC AG – Confidential and/or Proprietary 0,6 0,0 -2,5 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 2022 Q2 2022 Q
Slide 24: Cabin interiors
cabin interiors STRONG GROWTH COMPARED TO THE SAME PERIOD LAST YEAR Revenues development Reported EBIT development in million EUR in million EUR 90,5 86,5 5,7 71,1 4,0 65,4 62,0 56,7 FACC AG – Confidential and/or Proprietary 0,5 -1,0 -4,2 -4,8 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q1 2022
Slide 25: Thank you!
25 THANK YOU! 16.08.2023 FACC AG – Confidential and/or Proprietary
Slide 26: Disclaimer
DISCLAIMER ▪ This document contains forward-looking statements. Words such as ‘outlook’, 'believe', 'intend', 'anticipate', 'plan', 'expect', ‘objective’, ‘goal’, ‘estimate’, ‘may’, ‘will’ and similar expressions often identify these forward-looking statements. ▪ Forward-looking statements are subje